Quarterly Holdings Report
for
Fidelity Flex® Funds
Fidelity Flex® Large Cap Value Fund (formerly Fidelity Flex® Large Cap Value II Fund)
July 31, 2020
FLV-QTLY-0920
1.9893830.101
Schedule of Investments July 31, 2020 (Unaudited)
Showing Percentage of Net Assets
Common Stocks - 96.8% | |||
Shares | Value | ||
COMMUNICATION SERVICES - 9.3% | |||
Diversified Telecommunication Services - 3.9% | |||
AT&T, Inc. | 9,923 | $293,522 | |
CenturyLink, Inc. | 5,575 | 53,799 | |
Verizon Communications, Inc. | 7,000 | 402,360 | |
749,681 | |||
Entertainment - 2.1% | |||
Activision Blizzard, Inc. | 351 | 29,003 | |
Electronic Arts, Inc. (a) | 804 | 113,862 | |
The Walt Disney Co. | 2,325 | 271,886 | |
414,751 | |||
Interactive Media & Services - 1.5% | |||
Alphabet, Inc. Class A (a) | 86 | 127,964 | |
Facebook, Inc. Class A (a) | 374 | 94,873 | |
Zillow Group, Inc.: | |||
Class A (a) | 93 | 6,332 | |
Class C (a) | 817 | 55,875 | |
285,044 | |||
Media - 1.8% | |||
Comcast Corp. Class A | 5,586 | 239,081 | |
Liberty Media Corp.: | |||
Liberty Formula One Group Series C (a) | 42 | 1,488 | |
Liberty Media Class A (a) | 172 | 5,691 | |
Liberty SiriusXM Series A (a) | 1,526 | 53,090 | |
Liberty SiriusXM Series C (a) | 931 | 32,576 | |
ViacomCBS, Inc. Class B | 446 | 11,627 | |
343,553 | |||
TOTAL COMMUNICATION SERVICES | 1,793,029 | ||
CONSUMER DISCRETIONARY - 6.6% | |||
Auto Components - 0.2% | |||
BorgWarner, Inc. | 959 | 35,099 | |
Distributors - 0.2% | |||
LKQ Corp. (a) | 1,209 | 34,082 | |
Diversified Consumer Services - 0.2% | |||
Frontdoor, Inc. (a) | 752 | 31,580 | |
Hotels, Restaurants & Leisure - 1.2% | |||
Darden Restaurants, Inc. | 225 | 17,078 | |
McDonald's Corp. | 937 | 182,040 | |
Norwegian Cruise Line Holdings Ltd. (a) | 1,094 | 14,922 | |
Royal Caribbean Cruises Ltd. | 180 | 8,768 | |
Vail Resorts, Inc. | 45 | 8,641 | |
Yum! Brands, Inc. | 98 | 8,923 | |
240,372 | |||
Household Durables - 2.0% | |||
D.R. Horton, Inc. | 2,146 | 141,979 | |
Garmin Ltd. | 692 | 68,224 | |
Lennar Corp. Class A | 829 | 59,978 | |
M.D.C. Holdings, Inc. | 129 | 5,783 | |
Meritage Homes Corp. (a) | 159 | 15,770 | |
Mohawk Industries, Inc. (a) | 190 | 15,172 | |
PulteGroup, Inc. | 1,432 | 62,435 | |
Taylor Morrison Home Corp. (a) | 653 | 15,313 | |
Tempur Sealy International, Inc. (a) | 123 | 9,957 | |
394,611 | |||
Internet & Direct Marketing Retail - 0.4% | |||
eBay, Inc. | 1,451 | 80,211 | |
Leisure Products - 0.1% | |||
Brunswick Corp. | 253 | 16,946 | |
Multiline Retail - 0.4% | |||
Target Corp. | 617 | 77,668 | |
Specialty Retail - 1.3% | |||
Aaron's, Inc. Class A | 150 | 7,827 | |
Advance Auto Parts, Inc. | 21 | 3,153 | |
AutoNation, Inc. (a) | 610 | 31,317 | |
Dick's Sporting Goods, Inc. | 192 | 8,759 | |
Lowe's Companies, Inc. | 346 | 51,523 | |
The Home Depot, Inc. | 564 | 149,736 | |
252,315 | |||
Textiles, Apparel & Luxury Goods - 0.6% | |||
Capri Holdings Ltd. (a) | 726 | 10,875 | |
Deckers Outdoor Corp. (a) | 198 | 41,432 | |
NIKE, Inc. Class B | 622 | 60,713 | |
113,020 | |||
TOTAL CONSUMER DISCRETIONARY | 1,275,904 | ||
CONSUMER STAPLES - 8.7% | |||
Beverages - 1.1% | |||
Molson Coors Beverage Co. Class B | 500 | 18,760 | |
PepsiCo, Inc. | 490 | 67,453 | |
The Coca-Cola Co. | 2,808 | 132,650 | |
218,863 | |||
Food & Staples Retailing - 2.2% | |||
Kroger Co. | 1,853 | 64,466 | |
U.S. Foods Holding Corp. (a) | 1,310 | 26,593 | |
Walmart, Inc. | 2,514 | 325,312 | |
416,371 | |||
Food Products - 1.7% | |||
Archer Daniels Midland Co. | 920 | 39,404 | |
General Mills, Inc. | 879 | 55,614 | |
Ingredion, Inc. | 58 | 5,017 | |
Mondelez International, Inc. | 1,615 | 89,616 | |
The Hershey Co. | 244 | 35,480 | |
Tyson Foods, Inc. Class A | 1,564 | 96,108 | |
321,239 | |||
Household Products - 2.7% | |||
Colgate-Palmolive Co. | 1,470 | 113,484 | |
Kimberly-Clark Corp. | 546 | 83,014 | |
Procter & Gamble Co. | 2,490 | 326,489 | |
522,987 | |||
Tobacco - 1.0% | |||
Philip Morris International, Inc. | 2,405 | 184,728 | |
TOTAL CONSUMER STAPLES | 1,664,188 | ||
ENERGY - 4.4% | |||
Energy Equipment & Services - 0.2% | |||
Halliburton Co. | 1,025 | 14,688 | |
Schlumberger Ltd. | 691 | 12,535 | |
TechnipFMC PLC | 271 | 2,176 | |
29,399 | |||
Oil, Gas & Consumable Fuels - 4.2% | |||
Chevron Corp. | 3,451 | 289,677 | |
Concho Resources, Inc. | 33 | 1,734 | |
ConocoPhillips Co. | 3,139 | 117,367 | |
EOG Resources, Inc. | 712 | 33,357 | |
Exxon Mobil Corp. | 6,528 | 274,698 | |
HollyFrontier Corp. | 55 | 1,513 | |
Kinder Morgan, Inc. | 4,494 | 63,365 | |
Marathon Oil Corp. | 2,541 | 13,950 | |
ONEOK, Inc. | 153 | 4,270 | |
Valero Energy Corp. | 123 | 6,916 | |
806,847 | |||
TOTAL ENERGY | 836,246 | ||
FINANCIALS - 18.7% | |||
Banks - 7.1% | |||
Associated Banc-Corp. | 231 | 2,966 | |
Bank of America Corp. | 12,527 | 311,672 | |
Citigroup, Inc. | 4,513 | 225,695 | |
Citizens Financial Group, Inc. | 423 | 10,495 | |
First Horizon National Corp. | 736 | 6,823 | |
Huntington Bancshares, Inc. | 1,960 | 18,169 | |
JPMorgan Chase & Co. | 4,829 | 466,675 | |
KeyCorp | 1,993 | 23,936 | |
M&T Bank Corp. | 361 | 38,248 | |
PacWest Bancorp | 267 | 4,879 | |
Regions Financial Corp. | 3,872 | 42,050 | |
Truist Financial Corp. | 1,162 | 43,529 | |
U.S. Bancorp | 170 | 6,263 | |
Umpqua Holdings Corp. | 377 | 4,090 | |
Webster Financial Corp. | 260 | 7,090 | |
Wells Fargo & Co. | 6,626 | 160,747 | |
1,373,327 | |||
Capital Markets - 3.8% | |||
Affiliated Managers Group, Inc. | 676 | 46,502 | |
Ameriprise Financial, Inc. | 241 | 37,025 | |
Bank of New York Mellon Corp. | 1,668 | 59,798 | |
BlackRock, Inc. Class A | 36 | 20,700 | |
Charles Schwab Corp. | 2,002 | 66,366 | |
CME Group, Inc. | 79 | 13,128 | |
Franklin Resources, Inc. | 395 | 8,315 | |
Goldman Sachs Group, Inc. | 443 | 87,696 | |
Interactive Brokers Group, Inc. | 344 | 17,062 | |
Intercontinental Exchange, Inc. | 579 | 56,036 | |
Invesco Ltd. | 4,489 | 45,070 | |
LPL Financial | 482 | 38,088 | |
Moody's Corp. | 26 | 7,314 | |
Morgan Stanley | 2,570 | 125,622 | |
State Street Corp. | 1,485 | 94,728 | |
723,450 | |||
Consumer Finance - 0.5% | |||
American Express Co. | 200 | 18,664 | |
Capital One Financial Corp. | 93 | 5,933 | |
Discover Financial Services | 245 | 12,110 | |
SLM Corp. | 3,075 | 20,818 | |
Synchrony Financial | 1,622 | 35,895 | |
93,420 | |||
Diversified Financial Services - 3.1% | |||
AXA Equitable Holdings, Inc. | 1,781 | 36,439 | |
Berkshire Hathaway, Inc. Class B (a) | 2,820 | 552,102 | |
Cannae Holdings, Inc. (a) | 21 | 791 | |
Jefferies Financial Group, Inc. | 742 | 12,020 | |
601,352 | |||
Insurance - 3.9% | |||
Allstate Corp. | 1,221 | 115,250 | |
American Financial Group, Inc. | 238 | 14,463 | |
American International Group, Inc. | 68 | 2,186 | |
American National Group, Inc. | 25 | 1,841 | |
Aon PLC | 8 | 1,642 | |
Arch Capital Group Ltd. (a) | 639 | 19,649 | |
Assured Guaranty Ltd. | 104 | 2,270 | |
Chubb Ltd. | 470 | 59,803 | |
First American Financial Corp. | 1,851 | 94,420 | |
FNF Group | 2,125 | 68,765 | |
Hanover Insurance Group, Inc. | 177 | 18,033 | |
Hartford Financial Services Group, Inc. | 1,684 | 71,267 | |
Lincoln National Corp. | 92 | 3,429 | |
MetLife, Inc. | 388 | 14,686 | |
Old Republic International Corp. | 982 | 15,781 | |
Primerica, Inc. | 281 | 33,624 | |
Progressive Corp. | 998 | 90,159 | |
Prudential Financial, Inc. | 336 | 21,292 | |
Selective Insurance Group, Inc. | 256 | 13,911 | |
Unum Group | 2,507 | 43,196 | |
W.R. Berkley Corp. | 534 | 32,975 | |
Willis Towers Watson PLC | 70 | 14,701 | |
753,343 | |||
Mortgage Real Estate Investment Trusts - 0.2% | |||
AGNC Investment Corp. | 801 | 10,894 | |
Blackstone Mortgage Trust, Inc. | 88 | 2,118 | |
New Residential Investment Corp. | 368 | 2,918 | |
Starwood Property Trust, Inc. | 1,323 | 19,779 | |
35,709 | |||
Thrifts & Mortgage Finance - 0.1% | |||
MGIC Investment Corp. | 488 | 4,036 | |
Radian Group, Inc. | 821 | 12,249 | |
16,285 | |||
TOTAL FINANCIALS | 3,596,886 | ||
HEALTH CARE - 14.4% | |||
Biotechnology - 1.8% | |||
AbbVie, Inc. | 723 | 68,620 | |
Alexion Pharmaceuticals, Inc. (a) | 59 | 6,047 | |
Amgen, Inc. | 290 | 70,954 | |
Biogen, Inc. (a) | 286 | 78,561 | |
Gilead Sciences, Inc. | 1,736 | 120,704 | |
344,886 | |||
Health Care Equipment & Supplies - 4.7% | |||
Abbott Laboratories | 2,361 | 237,611 | |
Baxter International, Inc. | 82 | 7,083 | |
Becton, Dickinson & Co. | 33 | 9,284 | |
Boston Scientific Corp. (a) | 561 | 21,638 | |
Danaher Corp. | 856 | 174,453 | |
Edwards Lifesciences Corp. (a) | 428 | 33,559 | |
Hill-Rom Holdings, Inc. | 569 | 55,318 | |
Hologic, Inc. (a) | 1,423 | 99,297 | |
Medtronic PLC | 2,749 | 265,224 | |
903,467 | |||
Health Care Providers & Services - 2.0% | |||
Anthem, Inc. | 255 | 69,819 | |
Cardinal Health, Inc. | 40 | 2,185 | |
Cigna Corp. | 20 | 3,454 | |
CVS Health Corp. | 1,912 | 120,341 | |
DaVita HealthCare Partners, Inc. (a) | 307 | 26,829 | |
Humana, Inc. | 118 | 46,309 | |
McKesson Corp. | 457 | 68,623 | |
UnitedHealth Group, Inc. | 136 | 41,178 | |
378,738 | |||
Health Care Technology - 0.2% | |||
Cerner Corp. | 583 | 40,489 | |
Life Sciences Tools & Services - 0.1% | |||
Thermo Fisher Scientific, Inc. | 69 | 28,563 | |
Pharmaceuticals - 5.6% | |||
Bristol-Myers Squibb Co. | 2,334 | 136,912 | |
Eli Lilly & Co. | 182 | 27,353 | |
Johnson & Johnson | 3,383 | 493,106 | |
Merck & Co., Inc. | 1,178 | 94,523 | |
Mylan NV (a) | 5,406 | 87,091 | |
Pfizer, Inc. | 5,910 | 227,417 | |
1,066,402 | |||
TOTAL HEALTH CARE | 2,762,545 | ||
INDUSTRIALS - 10.3% | |||
Aerospace & Defense - 2.4% | |||
Harris Corp. | 513 | 86,353 | |
Howmet Aerospace, Inc. | 2,451 | 36,226 | |
Lockheed Martin Corp. | 49 | 18,570 | |
Moog, Inc. Class A | 46 | 2,471 | |
Northrop Grumman Corp. | 271 | 88,078 | |
Parsons Corp. (a) | 616 | 21,455 | |
Raytheon Technologies Corp. | 1,971 | 111,716 | |
Teledyne Technologies, Inc. (a) | 13 | 3,987 | |
The Boeing Co. | 602 | 95,116 | |
463,972 | |||
Air Freight & Logistics - 0.1% | |||
FedEx Corp. | 89 | 14,988 | |
Airlines - 0.0% | |||
Copa Holdings SA Class A | 134 | 5,553 | |
United Airlines Holdings, Inc. (a) | 132 | 4,142 | |
9,695 | |||
Building Products - 1.0% | |||
Armstrong World Industries, Inc. | 84 | 5,984 | |
Carrier Global Corp. | 1,871 | 50,966 | |
Fortune Brands Home & Security, Inc. | 970 | 74,205 | |
Johnson Controls International PLC | 1,117 | 42,982 | |
Ufp Industries, Inc. | 334 | 19,445 | |
193,582 | |||
Commercial Services & Supplies - 1.4% | |||
Cintas Corp. | 250 | 75,468 | |
Republic Services, Inc. | 1,365 | 119,096 | |
UniFirst Corp. | 202 | 37,669 | |
Waste Management, Inc. | 277 | 30,359 | |
262,592 | |||
Construction & Engineering - 0.4% | |||
EMCOR Group, Inc. | 1,034 | 70,829 | |
Electrical Equipment - 0.5% | |||
AMETEK, Inc. | 201 | 18,743 | |
Eaton Corp. PLC | 611 | 56,902 | |
Emerson Electric Co. | 160 | 9,922 | |
Hubbell, Inc. Class B | 44 | 5,939 | |
nVent Electric PLC | 269 | 4,885 | |
Regal Beloit Corp. | 35 | 3,219 | |
99,610 | |||
Industrial Conglomerates - 0.6% | |||
General Electric Co. | 13,152 | 79,833 | |
Honeywell International, Inc. | 252 | 37,641 | |
117,474 | |||
Machinery - 1.9% | |||
AGCO Corp. | 1,602 | 105,139 | |
Caterpillar, Inc. | 12 | 1,595 | |
Crane Co. | 64 | 3,620 | |
Cummins, Inc. | 707 | 136,635 | |
Dover Corp. | 120 | 12,352 | |
IDEX Corp. | 33 | 5,439 | |
Oshkosh Corp. | 179 | 14,091 | |
Otis Worldwide Corp. | 936 | 58,725 | |
Rexnord Corp. | 967 | 28,014 | |
Timken Co. | 128 | 5,844 | |
371,454 | |||
Professional Services - 0.3% | |||
FTI Consulting, Inc. (a) | 228 | 27,232 | |
Nielsen Holdings PLC | 1,532 | 22,107 | |
49,339 | |||
Road & Rail - 1.6% | |||
CSX Corp. | 1,127 | 80,400 | |
Kansas City Southern | 781 | 134,215 | |
Norfolk Southern Corp. | 355 | 68,235 | |
Werner Enterprises, Inc. | 517 | 22,740 | |
305,590 | |||
Trading Companies & Distributors - 0.1% | |||
Air Lease Corp. Class A | 152 | 3,985 | |
HD Supply Holdings, Inc. (a) | 333 | 11,688 | |
15,673 | |||
TOTAL INDUSTRIALS | 1,974,798 | ||
INFORMATION TECHNOLOGY - 10.8% | |||
Communications Equipment - 1.8% | |||
Ciena Corp. (a) | 762 | 45,347 | |
Cisco Systems, Inc. | 5,751 | 270,872 | |
CommScope Holding Co., Inc. (a) | 1,964 | 18,226 | |
F5 Networks, Inc. (a) | 68 | 9,241 | |
ViaSat, Inc. (a) | 53 | 2,012 | |
345,698 | |||
Electronic Equipment & Components - 0.4% | |||
Corning, Inc. | 677 | 20,987 | |
Dolby Laboratories, Inc. Class A | 49 | 3,410 | |
FLIR Systems, Inc. | 432 | 17,997 | |
National Instruments Corp. | 463 | 16,437 | |
SYNNEX Corp. | 228 | 28,441 | |
87,272 | |||
IT Services - 2.2% | |||
Alliance Data Systems Corp. | 515 | 22,845 | |
Amdocs Ltd. | 1,709 | 106,129 | |
DXC Technology Co. | 1,132 | 20,274 | |
Fastly, Inc. Class A (a) | 230 | 22,193 | |
Fidelity National Information Services, Inc. | 140 | 20,483 | |
Global Payments, Inc. | 80 | 14,242 | |
IBM Corp. | 368 | 45,242 | |
ManTech International Corp. Class A | 45 | 3,131 | |
Okta, Inc. (a) | 89 | 19,667 | |
PayPal Holdings, Inc. (a) | 374 | 73,330 | |
Perspecta, Inc. | 31 | 663 | |
Twilio, Inc. Class A (a) | 300 | 83,226 | |
431,425 | |||
Semiconductors & Semiconductor Equipment - 3.3% | |||
Analog Devices, Inc. | 528 | 60,641 | |
Applied Materials, Inc. | 1,603 | 103,121 | |
Cirrus Logic, Inc. (a) | 611 | 41,872 | |
First Solar, Inc. (a) | 285 | 16,972 | |
Intel Corp. | 3,858 | 184,142 | |
Microchip Technology, Inc. | 46 | 4,680 | |
Micron Technology, Inc. (a) | 961 | 48,103 | |
NVIDIA Corp. | 62 | 26,325 | |
ON Semiconductor Corp. (a) | 1,570 | 32,342 | |
Qualcomm, Inc. | 1,012 | 106,877 | |
625,075 | |||
Software - 2.2% | |||
Avalara, Inc. (a) | 105 | 14,117 | |
Box, Inc. Class A (a) | 1,107 | 19,871 | |
Cadence Design Systems, Inc. (a) | 139 | 15,186 | |
Crowdstrike Holdings, Inc. (a) | 92 | 10,414 | |
Dropbox, Inc. Class A (a) | 863 | 19,633 | |
FireEye, Inc. (a) | 1,010 | 15,251 | |
Microsoft Corp. | 442 | 90,614 | |
Nuance Communications, Inc. (a) | 3,028 | 82,816 | |
Pluralsight, Inc. (a) | 310 | 6,563 | |
Proofpoint, Inc. (a) | 169 | 19,548 | |
Synopsys, Inc. (a) | 261 | 51,996 | |
Verint Systems, Inc. (a) | 665 | 29,852 | |
Workday, Inc. Class A (a) | 223 | 40,345 | |
Workiva, Inc. (a) | 107 | 5,981 | |
422,187 | |||
Technology Hardware, Storage & Peripherals - 0.9% | |||
Apple, Inc. | 256 | 108,810 | |
HP, Inc. | 1,012 | 17,791 | |
NetApp, Inc. | 511 | 22,637 | |
Xerox Holdings Corp. | 1,153 | 19,197 | |
168,435 | |||
TOTAL INFORMATION TECHNOLOGY | 2,080,092 | ||
MATERIALS - 4.5% | |||
Chemicals - 2.0% | |||
CF Industries Holdings, Inc. | 1,204 | 37,721 | |
DuPont de Nemours, Inc. | 1,698 | 90,809 | |
Eastman Chemical Co. | 1,336 | 99,706 | |
Huntsman Corp. | 3,819 | 70,652 | |
Linde PLC | 318 | 77,945 | |
Valvoline, Inc. | 410 | 8,413 | |
385,246 | |||
Containers & Packaging - 0.2% | |||
Graphic Packaging Holding Co. | 2,312 | 32,229 | |
Metals & Mining - 2.3% | |||
Arconic Rolled Products Corp. (a) | 366 | 5,962 | |
Freeport-McMoRan, Inc. | 3,287 | 42,468 | |
Newmont Corp. | 2,495 | 172,654 | |
Reliance Steel & Aluminum Co. | 973 | 95,607 | |
Royal Gold, Inc. | 682 | 95,432 | |
Steel Dynamics, Inc. | 1,083 | 29,685 | |
441,808 | |||
TOTAL MATERIALS | 859,283 | ||
REAL ESTATE - 4.1% | |||
Equity Real Estate Investment Trusts (REITs) - 4.0% | |||
American Campus Communities, Inc. | 68 | 2,424 | |
American Homes 4 Rent Class A | 1,078 | 31,262 | |
American Tower Corp. | 159 | 41,561 | |
Apple Hospitality (REIT), Inc. | 738 | 6,509 | |
AvalonBay Communities, Inc. | 358 | 54,817 | |
Camden Property Trust (SBI) | 396 | 35,961 | |
Colony Capital, Inc. | 130 | 250 | |
Columbia Property Trust, Inc. | 518 | 6,195 | |
Crown Castle International Corp. | 354 | 59,012 | |
Digital Realty Trust, Inc. | 960 | 154,118 | |
Douglas Emmett, Inc. | 285 | 8,305 | |
EastGroup Properties, Inc. | 126 | 16,715 | |
Empire State Realty Trust, Inc. | 144 | 950 | |
Equinix, Inc. | 94 | 73,835 | |
Equity Residential (SBI) | 135 | 7,240 | |
Gaming & Leisure Properties | 662 | 23,971 | |
HCP, Inc. | 702 | 19,158 | |
Highwoods Properties, Inc. (SBI) | 56 | 2,147 | |
Lamar Advertising Co. Class A | 204 | 13,409 | |
Life Storage, Inc. | 437 | 42,883 | |
Outfront Media, Inc. | 1,138 | 16,399 | |
Paramount Group, Inc. | 996 | 7,101 | |
Park Hotels & Resorts, Inc. | 2,049 | 16,945 | |
Physicians Realty Trust | 65 | 1,173 | |
Prologis (REIT), Inc. | 41 | 4,322 | |
Public Storage | 195 | 38,977 | |
SBA Communications Corp. Class A | 73 | 22,742 | |
Store Capital Corp. | 798 | 18,905 | |
Ventas, Inc. | 688 | 26,392 | |
VEREIT, Inc. | 524 | 3,411 | |
Weyerhaeuser Co. | 213 | 5,924 | |
763,013 | |||
Real Estate Management & Development - 0.1% | |||
CBRE Group, Inc. (a) | 8 | 350 | |
Howard Hughes Corp. (a) | 116 | 6,170 | |
Jones Lang LaSalle, Inc. | 99 | 9,792 | |
16,312 | |||
TOTAL REAL ESTATE | 779,325 | ||
UTILITIES - 5.0% | |||
Electric Utilities - 3.1% | |||
American Electric Power Co., Inc. | 228 | 19,809 | |
Avangrid, Inc. | 124 | 6,174 | |
Duke Energy Corp. | 733 | 62,114 | |
Entergy Corp. | 308 | 32,380 | |
Evergy, Inc. | 324 | 21,005 | |
Eversource Energy | 251 | 22,608 | |
Exelon Corp. | 2,262 | 87,336 | |
FirstEnergy Corp. | 158 | 4,582 | |
IDACORP, Inc. | 107 | 9,978 | |
NextEra Energy, Inc. | 371 | 104,140 | |
NRG Energy, Inc. | 632 | 21,368 | |
OGE Energy Corp. | 1,649 | 54,252 | |
PNM Resources, Inc. | 227 | 9,586 | |
Portland General Electric Co. | 1,035 | 45,675 | |
PPL Corp. | 2,570 | 68,413 | |
Southern Co. | 33 | 1,802 | |
Xcel Energy, Inc. | 265 | 18,296 | |
589,518 | |||
Gas Utilities - 0.3% | |||
UGI Corp. | 1,453 | 48,443 | |
Independent Power and Renewable Electricity Producers - 0.2% | |||
The AES Corp. | 2,471 | 37,633 | |
Vistra Corp. | 212 | 3,956 | |
41,589 | |||
Multi-Utilities - 1.2% | |||
Ameren Corp. | 768 | 61,624 | |
Black Hills Corp. | 11 | 636 | |
CMS Energy Corp. | 128 | 8,215 | |
Dominion Energy, Inc. | 183 | 14,828 | |
DTE Energy Co. | 411 | 47,524 | |
MDU Resources Group, Inc. | 2,535 | 53,184 | |
NorthWestern Energy Corp. | 75 | 4,220 | |
Public Service Enterprise Group, Inc. | 625 | 34,963 | |
225,194 | |||
Water Utilities - 0.2% | |||
American Water Works Co., Inc. | 294 | 43,297 | |
Essential Utilities, Inc. | 108 | 4,898 | |
48,195 | |||
TOTAL UTILITIES | 952,939 | ||
TOTAL COMMON STOCKS | |||
(Cost $18,677,631) | 18,575,235 | ||
Money Market Funds - 2.9% | |||
Fidelity Cash Central Fund 0.14% (b) | |||
(Cost $555,098) | 554,955 | 555,121 | |
TOTAL INVESTMENT IN SECURITIES - 99.7% | |||
(Cost $19,232,729) | 19,130,356 | ||
NET OTHER ASSETS (LIABILITIES) - 0.3%(c) | 49,237 | ||
NET ASSETS - 100% | $19,179,593 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation/(Depreciation) | |
Purchased | |||||
Equity Index Contracts | |||||
CME E-mini S&P 500 Index Contracts (United States) | 3 | Sept. 2020 | $489,525 | $4,588 | $4,588 |
The notional amount of futures purchased as a percentage of Net Assets is 2.6%
Legend
(a) Non-income producing
(b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(c) Includes $36,000 of cash collateral to cover margin requirements for futures contracts.
Affiliated Central Funds
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:
Fund | Income earned |
Fidelity Cash Central Fund | $178 |
Total | $178 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds.
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy.
Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
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